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Commission approves $250,000 economic-development loan to Toft Dairy for freezer expansion
Summary
The commission approved a $250,000 substantial development loan at 0% interest to Tof (Toft) Dairy Inc. to support a planned $7 million expansion, with the loan secured by a subordinate mortgage and potential forgiveness tied to job creation.
The Sandusky City Commission voted March 24 to authorize a $250,000 substantial development loan through the city's economic development assistance program for Tof Dairy Inc.'s expansion at 3717 Venice Road.
Colleen Gilson, presenting to the commission, said the project is a roughly $7,000,000 expansion to replace or enlarge an aging freezer and increase the company’s capacity for seasonal demand. “The…
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